News Overview

Analysts at IIFL Capital Services estimate SUC savings to result in mobile EBITDA margin expansion of 260 bps/300 bps/210 bps for JIO/Bharti/Vi, respectively. Indus may benefit from 5G loading in the near term, but large low-frequency holdings may keep a check on steady-state tower count.

Indias active Covid-19 caseload currently stands at 1,37,057. In the last 24 hours, 17,135 new cases and 19,823 recoveries have been recorded. The daily positivity rate is 3.69%. The recovery rate currently is at 98.49%. Under Nationwide Vaccination Drive, 204.84 cr vaccine doses (93.36 cr Second Dose and 9.47 cr Precaution Dose) have been administered so far.Powered by Commodity Insights

The order is for the Supply, Installation, and Commissioning of the Train Collision Avoidance System (TCAS) (KAVACH).

Company’s PAT margin also narrowed to 12.80% in June 2022 quarter against 18.60% in June 2021 quarter.

Gold selling for Rs51,650 per 10 gm

The company reported a revenue of Rs6,897 crore in Q1FY23, marginally up against Rs6,797 crore in Q1FY22.

Voltas fell 3.26% to Rs 967 after the companys consolidated net profit declined 10.6% to Rs 108.88 crore despite of 55.2% rise in net sales to Rs 2741.22 crore in Q1 FY23 over Q1 FY22.

The company will submit an action plan on the observations and will engage with US FDA for next steps.

To 8 August 2022

Information Technology stocks were trading in the positive zone, with the S&P BSE IT Sector index rising 63.86 points or 0.22% at 29489.37 at 09:46 IST.